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small-cap

One NASDAQ-Listed Semiconductor Stock at Resistance Level: Micron Technology Inc

Sep 30, 2024 | Team Kalkine
One NASDAQ-Listed Semiconductor Stock at Resistance Level: Micron Technology Inc

MU:NASDAQ
Investment Type
Large-cap
Risk Level
Action
Rec. Price (US$)

Micron Technology Inc

Company Overview: Micron Technology, Inc. (NASDAQ: MU) is a provider of memory and storage solutions. The Company offers a portfolio of high-performance dynamic random-access memory (DRAM), NAND, and NOR memory and storage products through its Micron and Crucial brands.

As per our previous US Daily Report published on ‘MU’ on 20th September 2024, Kalkine provided an ‘Buy’ stance on the stock at USD 89.42 based on decent fundamentals, price action, recent key business and financial updates, momentum in the stock over the last month, and technical indicators analysisand the stock price has now moved by ~20.22% since then and has attained resistance 1 and resistance 2.

Noted below are the details of support and resistance levels provided in our previous report:

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